CHICAGO (CBS) – Aldermen have approved a plan to hike the city’s monthly 911 surcharge on phone bills by 56 percent to help shore up the city’s pension funds, and avoid a property tax hike before next year’s elections. 190 more words

CHICAGO (CBS) – Governor Quinn signed legislation Monday to overhaul the City of Chicago’s pension system.

The pension reform plan, proposed by Mayor Rahm Emanuel and approved by lawmakers two months ago, would open the door for the city to raise property taxes by $50 million a year for five years. 366 more words

CHICAGO (CBS) — Mayor Emanuel says it’s “premature” to say if a higher tax on phone bills could be used to reduce the property tax hike he’s planned to help shore up the pension system, reports WBBM Political Editor Craig Dellimore. 199 more words